Iran says European banks still wary of US sanctions threat

Iran says European banks still wary of US sanctions threat Tehran (AFP) May 15, 2016 - Big European banks remain reluctant to work in Iran four months after the lifting of international sanctions under a landmark nuclear deal with world powers, an Iranian official said Sunday. "Major European banks have not yet started their interactions with Iranian banks, but some medium- and small-sized financial institutions have established relations, including opening letters of credit," ... more

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